BlackBull Markets Account Types Reviewed ️ Updated 2024

Demanding clients receive an industry-leading offer for $20,000 in the ECN Institutional option. Traders might ask customer support at BlackBull Markets for an extension. The BlackBull Markets ECN Institutional account offers identical trading conditions to the ECN Prime account, but trading costs have a distinctive difference. Traders get raw spreads from 0.0 pips for a commission of $3.00 per 1.0 standard round lot or $3.00 in total fees.

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. BlackBull Markets has significantly expanded its range of markets with the launch of BlackBull Shares. Today, BlackBull offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 and TradingView, and 311 symbols on MetaTrader 4. The table below summarizes the different investment products available to BlackBull Markets clients.

Every account type allows hedging, scalping, and automated trading via Expert Advisors. Such an account is offered as a variant of the Standard, Prime, or Institutional Accounts, with all other features of the regular accounts. If you require assistance with any part of the application form, please reach out to our friendly staff via email, phone or our live chat function. To become a client, you will have to complete a simple six-step application form. The domain is registered under our company, Black Bull Global Limited.

  1. Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose.
  2. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
  3. After you complete all the application form steps, your application will be sent to our operations team for review and approval.
  4. Trade directly in TradingView, the world’s leading charting and social platform.
  5. Traders must complete a quick online application to get their account details but can contact BlackBull customer support to lower their demo account balance if they wish to one close to what they plan for their live trading account.
  6. To become a client, you will have to complete a simple six-step application form.

BlackBull Markets’ overall educational offering has made good progress recently with an expanded number of articles that are organized by category, yet still has long way to go to catch up to the best forex brokers for beginners. For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail traders. BlackBull Markets offers the full MetaTrader suite (MetaTrader 4 and MetaTrader 5) alongside multiple social copy trading platforms and a web app powered by TradingView. New Zealand-headquartered BlackBull Markets has established itself as a leading broker for demanding traders. It features superb technology and trading infrastructure, deep liquidity pools, STP, ECN, and NDD order processing, low-latency order routing, internal communication and price quotes, and conflict-of-interest-free trading. The ECN Standard Account gives access to all tradeable instruments at a deposit of just US Dollar 50.

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Besides high leverage and negative balance protection, traders also get API trading, making it ideal for demanding algorithmic traders. A swap-free Islamic account exists, and STP/ECN/NDD order processing and VPS hosting extend the competitive edge. BlackBull Markets states that its swap-free Islamic accounts, available for all three BlackBull Markets account types, fully comply with Shariah law. To get an Islamic account, traders must open an MT4/MT5 trading account and request an Islamic classification. Unlike many brokers, BlackBull Markets does not substitute the absence of swap rates on leveraged overnight positions with other fees, making it a genuine Islamic account. adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence.

While BlackBull Markets offers a demo account for the MT4/MT5 trading platforms, it has a 30-day time limit and comes with a $100,000 nominal balance by default. Traders must complete a quick online application to get their account details but can contact BlackBull customer support to lower their demo account balance if they wish to one close to what they plan for their live trading account. The three BlackBull Markets account types provide traders with competitive choices. The ECN Standard account has a reasonable commission-free cost structure and no minimum deposit requirement, making it ideal for beginners to learn Forex trading. For a BlackBull minimum deposit of $2,000, active algorithmic traders and scalpers can get a cutting-edge trading environment with VPS hosting and API trading in the ECN Prime account.

How to Open a BlackBull Markets Account – Step-by-Step Guide

They assess risk, implement controls, and help maintain a strong compliance culture within the organisation. The ECN Institutional account offers the lowest trading costs, but the ECN Prime option is more accessible with a competitive pricing environment. Swap-free Islamic accounts exist, and BlackBull Markets does not substitute the absence of swap rates with other fees, creating a genuine Islamic account more compliant than most with Sharia law.

Trading Account Types

The secondary difference is that traders may select their Equinix server. For a minimum deposit of $2,000, active traders get the competitively priced BlackBull Markets ECN Prime account. Trading costs start from spreads of 0.1 pips for a commission of $6.00 per standard round lot or $7.00 in total fees.

While the trading technology and infrastructure remain market-leading for all traders, the trading costs and services differ, but all three BlackBull Markets account types compete at the top tier. BlackBull Markets offers one commission-free account and two competitively priced commission-based alternatives. We have reviewed the three BlackBull Markets account types, so that you can pick the most suitable one for your circumstances. In addition, for more thorough information, read our in-depth Blackbull Markets broker Review. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

Our Account Types: Standard, Prime, Institutional, and Swap Free

The lack of an inactivity fee ensures a pressure-free trading environment, and BlackBull Markets executes its account structure with traders in mind. A forex account is a trading account that you will hold and that will work similarly to your bank account, but xcritical official site with the difference that it is primarily issued with the purpose of trading on currencies. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

BlackBull Markets offers the full MetaTrader suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop and web, and BlackBull Markets‘ own BlackBull Shares platform (powered by Interactive Brokers’ TWS platform). Also available is TradingView, a popular trading platform that delivers a range of powerful charting functions and robust analysis tools. You will not be able to create a live trading account until your application has been approved. However, you can fund your wallet in preparation for your application being approved. Traders can open a BlackBull Markets live account via the hassle-free online application, which does not demand unnecessary information. Account verification is mandatory to satisfy regulatory-mandated AML/KYC requirements.

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